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Herb Malone, President & CEO

Herb Malone, President & CEO - Gulf Shores & Orange Beach ... · Condos 4,599 0 4,599 Hotels/Motels 1,363 325 1,688 Total 5,962 325 6,287 ORANGE BEACH Condos 8,466 424 8,890 Hotels/Motels

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Page 1: Herb Malone, President & CEO - Gulf Shores & Orange Beach ... · Condos 4,599 0 4,599 Hotels/Motels 1,363 325 1,688 Total 5,962 325 6,287 ORANGE BEACH Condos 8,466 424 8,890 Hotels/Motels

Herb Malone, President & CEO

Page 2: Herb Malone, President & CEO - Gulf Shores & Orange Beach ... · Condos 4,599 0 4,599 Hotels/Motels 1,363 325 1,688 Total 5,962 325 6,287 ORANGE BEACH Condos 8,466 424 8,890 Hotels/Motels

© Copyright 2018 Gulf Shores & Orange Beach Tourism. All rights reserved.© Copyright 2019 Gulf Shores & Orange Beach Tourism. All rights reserved.

LODGING REVENUE

Source: Alabama Department of Revenue

$0

$100,000,000

$200,000,000

$300,000,000

$400,000,000

$500,000,000

$600,000,000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

$526.1m

$62m

Page 3: Herb Malone, President & CEO - Gulf Shores & Orange Beach ... · Condos 4,599 0 4,599 Hotels/Motels 1,363 325 1,688 Total 5,962 325 6,287 ORANGE BEACH Condos 8,466 424 8,890 Hotels/Motels

© Copyright 2018 Gulf Shores & Orange Beach Tourism. All rights reserved.© Copyright 2019 Gulf Shores & Orange Beach Tourism. All rights reserved.

RETAIL SALES

Source: City of Gulf Shores and City of Orange Beach Revenue Department

$0

$100,000,000

$200,000,000

$300,000,000

$400,000,000

$500,000,000

$600,000,000

$700,000,000

$800,000,000

$900,000,000

$1,000,000,000

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

$154.5m

$938.4m

Page 4: Herb Malone, President & CEO - Gulf Shores & Orange Beach ... · Condos 4,599 0 4,599 Hotels/Motels 1,363 325 1,688 Total 5,962 325 6,287 ORANGE BEACH Condos 8,466 424 8,890 Hotels/Motels

© Copyright 2018 Gulf Shores & Orange Beach Tourism. All rights reserved.

Source: Economic Impact Report – Annual Travel Industry 2017

2017 RESULTS

6.3MGuests

$4.4B Visitor Spending

50,574Travel Related Jobs

$1.5B Wages & Salaries

Page 5: Herb Malone, President & CEO - Gulf Shores & Orange Beach ... · Condos 4,599 0 4,599 Hotels/Motels 1,363 325 1,688 Total 5,962 325 6,287 ORANGE BEACH Condos 8,466 424 8,890 Hotels/Motels

© Copyright 2018 Gulf Shores & Orange Beach Tourism. All rights reserved.© Copyright 2019 Gulf Shores & Orange Beach Tourism. All rights reserved.

ACCOMMODATIONS INVENTORYExisting

UnitsFutureUnits Total

GULF SHORESCondos 4,599 0 4,599Hotels/Motels 1,363 325 1,688Total 5,962 325 6,287

ORANGE BEACHCondos 8,466 424 8,890Hotels/Motels 1,443 192 1,635Total 9,909 616 10,525

FORT MORGANCondos 1,582 0 1,582Total 1,582 0 1,582

ALA GULF COAST TOTALSCondos 14,647 424 15,071Hotels/Motels 2,806 517 3,323Total 17,453 941 18,394

January 2019

Ft. Morgan, Gulf Shores, Orange Beach

Page 6: Herb Malone, President & CEO - Gulf Shores & Orange Beach ... · Condos 4,599 0 4,599 Hotels/Motels 1,363 325 1,688 Total 5,962 325 6,287 ORANGE BEACH Condos 8,466 424 8,890 Hotels/Motels

© Copyright 2018 Gulf Shores & Orange Beach Tourism. All rights reserved.© Copyright 2019 Gulf Shores & Orange Beach Tourism. All rights reserved.

ACCOMMODATIONS INVENTORY

Source: Cities’ Revenue Department and the CVB Accommodations Inventory, 2018

Gulf Shores, Orange Beach

TotalNumber

of CondoUnits*

Total Number of Business Licenses

Condos Houses/Duplexes

Gulf Shores 4,599 3,368 73.2% 611

Orange Beach 8,466 5,672 67.0% 493

Total 13,065 9,040 69.2% 1,104

*CVB inventory does not include properties that are rent restricted or located in areas that do not appeal toshort-term renters.

Page 7: Herb Malone, President & CEO - Gulf Shores & Orange Beach ... · Condos 4,599 0 4,599 Hotels/Motels 1,363 325 1,688 Total 5,962 325 6,287 ORANGE BEACH Condos 8,466 424 8,890 Hotels/Motels

THANK YOU